Jose Najarro Stocks on $NVDA (Oct 28, 2026)

I mean everyone I know when I analyze their portfolios are underweight Nvidia. They're underweight memory. their underweight Broadcom and I just think those things are going to grow much faster than the market for the next two three four five years

>> Yeah. 20. Yeah. Selfunding 2029. But they mentioned they're going to step down capex. And I wonder if that's one of the reasons we saw kind of Nvidia drop. Um but yeah.

>> Well, why would why would memory be up and Nvidia's down on that assumption? >> I completely agree, Emit. I'm surprised that well obviously there's SKH highex but it specifically spiked up even more after that and I'm like that seems so surprising to me if they're going to get to this area of not needing to you know tap more equity in debt markets only by 20 billion more as a reminder this is a company with over $150 billion of debt so there's actually not much more for them to go here I would have thought that Google would have taken or sorry um Micron would have taken a a lot of like the actual AI infrastructure names that people have called cyclical but it's sort of a mixed bag.

I would think the reason why Microsoft might be done in Micron still up is probably also because of the TPU comments. So more let's say companies diversifying away from Nvidia.

>> to me maybe I obviously I could be wrong is Nvidia is already the big player right you already have the most market share that's not an issue when the market keeps on growing right if the market keeps on growing even if you lose certain market share you still have the opportunity to grow now the question here for and this is my thought I'm still very bullish on Nvidia is like I I wonder if the market is saying now if 2029 the capix isn't growing are you going to be strong enough to fight off all these other players and keep the market share that you have or are you going to lose the market share because no longer you have that scenario that if the market the like I mentioned the previous the previous scenario is like market is growing rapidly even if you lost market share you you're okay now it's like well if the market isn't going to grow anymore what's going to happen to your market share and potential revenue I don't know if the market is thinking that but uh maybe something to consider.

Nvidia large sell-offs. Every single um huge selloff in the Mag 7 has come back in, you know, a six-month period, look, the the the number one stock I was buying in the Max 7 in 25 was Nvidia over Google.

I remember sitting down with a Fidelity, this was a long time ago, back, you know, whenever I was a financial adviser. I sat down with this Fidelity portfolio manager that told us that Nvidia was his number one value pick, but he wasn't a part of a growth fund.

He was part of a value fund, but they still wanted exposure to Nvidia. So, they had to like kind of skew it to be like, "Oh, this is a value company." And back then, you know, the PE on the company was like a hundred times.

Oracle just came out and said that they are going to be providing TPUs. This is the first external cloud that's going to be offering Google chips. That's a direct competitor to Nvidia.

It adds a completely new revenue line. It's high margin business as we know from Nvidia and Broadcom and many of these companies.

All of this is powered by our leading AI infrastructure spanning our TPU systems, Axion CPUs, the latest Nvidia GPUs, and our agent compute engine which is specifically designed for AI agents.

Nvidia is also down.

We continue to scale our fleet with the latest innovations from Nvidia AMD alongside our own Maya systems. We have docked our first Nvidia Ver Rubin GPUs and very excited about it.

And earlier this month, we also announced new PCs powered by Nvidia's RTX Spark and DGX Station for Windows.

I think there was one with Nvidia recently, like these big mergers and and uh purchases that the companies just come out and say, "Hey guys, we're not doing that."

Wh why do we think Nvidia is down after hours given how much both are increasing capex but still like Nvidia has seen nothing but uh increased sales, higher average selling prices.

Nvidia remains my biggest position and I think I'll be, uh, rewarded handsomely like we have for every single other, you know, large step up. and um Nvidia will continue to sell chips long after 2027 and 2028